RELX 2024 highlights
- Underlying revenue growth of +7%
- Underlying adjusted operating profit growth of +10%
- Adjusted EPS 120.1p (2023: 114.0p), constant currency growth +9%
- Reported operating profit £2,861m (2023: £2,682m)
- Reported EPS 103.6p (2023: 94.1p)
- Proposed full year dividend 63.0p (2023: 58.8p) +7%
- Net debt/EBITDA 1.8x; adjusted cash flow conversion 97%
- Completed five acquisitions for a total consideration of £195m, and seven disposals for £95m
- Completed £1,000m share buyback
- Scope 1 + Scope 2 emissions (tCO2e) 32,692 (2023: 40,933)
- SDG Resource Centre unique users 303,837 (2023: 220,815)
- Underlying revenue growth of +7%
- Underlying adjusted operating profit growth of +10%
- Adjusted EPS 120.1p (2023: 114.0p), constant currency growth +9%
- Reported operating profit £2,861m (2023: £2,682m)
- Reported EPS 103.6p (2023: 94.1p)
- Proposed full year dividend 63.0p (2023: 58.8p) +7%
- Net debt/EBITDA 1.8x; adjusted cash flow conversion 97%
- Completed five acquisitions for a total consideration of £195m, and seven disposals for £95m
- Completed £1,000m share buyback
- Scope 1 + Scope 2 emissions (tCO2e) 32,692 (2023: 40,933)
- SDG Resource Centre unique users 303,837 (2023: 220,815)
RELX delivered strong revenue and profit growth in 2024. Our improving long-term growth trajectory continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers across market segments.
We develop and deploy these tools across the company by leveraging deep customer understanding to combine leading content and data sets with powerful artificial intelligence and other technologies. This has been a key driver of the evolution of our business for well over a decade, and will remain a key driver of customer value and growth in our business for many years to come.
Our Market segments
Risk provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency
Scientific, Technical & Medical helps researchers and healthcare professionals advance science and improve health outcomes by combining high-quality scientific and medical information and trusted data sets with leading technology to deliver analytical tools that facilitate insights and critical decision-making
Legal helps its customers improve decision-making, achieve better outcomes and increase productivity by providing tools that combine legal, regulatory and business information with powerful analytics
Exhibitions combines industry expertise with data and digital tools to help customers connect face-to-face and digitally, learn about markets, source products and complete transactions
Risk provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency
Scientific, Technical & Medical helps researchers and healthcare professionals advance science and improve health outcomes by combining high-quality scientific and medical information and trusted data sets with leading technology to deliver analytical tools that facilitate insights and critical decision-making
Legal helps its customers improve decision-making, achieve better outcomes and increase productivity by providing tools that combine legal, regulatory and business information with powerful analytics
Exhibitions combines industry expertise with data and digital tools to help customers connect face-to-face and digitally, learn about markets, source products and complete transactions
Group underlying revenue growth was 7%, with all four market segments contributing to underlying growth. The underlying growth rate reflects growth in electronic revenue of 7% with strong growth in face-to-face revenues offsetting the print decline. Risk continued to deliver strong growth, STM maintained its improved growth, Legal growth continued to improve and Exhibitions saw strong growth.
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